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0527 RESOLUTION NO. 527 ( #3 - 2000) A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK OF THE CITY OF JACKSONVILLE, ARKANSAS, TO EXECUTE A N Y A N D ALL N E CES SA R Y DOCUMENTS F O R THE TRANSFER OF REAL PROPERTY ON BEHALF OF THE COMMUNITY DEVELOPMENT DEPARTMENT; AND, FOR OTHER PURPOSES. WHEREAS, the City of Jacksonville, Arkansas, on behalf of the Community Development Department buys and /or receives donations of properties in low income areas throughout the City of Jacksonville. After new construction and /or rehabilitation of said property, the Community Development Department sells said property to qualified buyers of low to moderate income; and, WHEREAS, the Mayor and City Clerk of the City of Jacksonville, Arkansas, are the proper persons to execute such appropriate and necessary documents on behalf of the City to transfer ownership of said properties. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: SECTION ONE: The Mayor and City Clerk are hereby authorized as the Signatory Authorities for the City of Jacksonville, Arkansas, to approve and execute any and all necessary documents for transfer of real property on behalf of the Community Development Department. SECTION TWO: The Mayor and City Clerk are hereby authorized and directed to execute all appropriate documents necessary to accomplish such property transfers. SECTION THREE: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of said conflict. APPROVED AND ADOPTED THIS 3.7,01 DAY OF FEBRUARY, 2000. 7: MAYOR TOMMY SW M ATTEST: O SUSAN DAV , ERK API,''. .e 1 _�ak■ ROBE - T E. BA j) ATTOR 0(10003